Dover, Bureau County, Illinois Property Taxes

Name: Property Tax Bills Across Dover, Bureau County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Dover, IL effective property tax rate: 2.09%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Dover, IL home value: $53,094
Median annual Dover, IL tax bill: $781, $1,619 lower than the national median property tax bill of $2,400.

How are property taxes in Bureau County calculated?

Property taxes in Dover, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Dover’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dover, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Dover, Bureau County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.09%

Estimate Property Tax Bill

$1,110

$1,030

Ownwell’s Dover Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, our calculator applies Dover’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bureau County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Dover, Bureau County, Illinois

Local government entities are responsible for setting property tax rates, resulting in significant variation across regions. Each year, counties estimate their required budget to fund essential services and divide this by the total assessed value of all taxable property in their area, determining the property tax rate. This annual process, influenced by votes and legislation, ensures that local needs are met through property taxes.

In Dover, Bureau County, Illinois, the effective property tax rate is a notable 2.09%. This rate is significantly higher than the national median property tax rate of 1.02%, highlighting the local government's reliance on property taxes to fund community services. Comparatively, Illinois has one of the highest median property tax rates in the nation, which can impact homeowners' financial planning and property investment decisions. Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed about local tax rates, residents can make more strategic decisions regarding property ownership and investments.

Property Tax Rates Across Dover, Bureau County, Illinois

Source: Ownwell

1.53%

2.27%

3.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Dover Taxx Rate

2.09%

Median Effective Bureau County Taxx Rate

2.33%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Dover, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
61323	0.77%	1.54%	2.09%	2.65%	2.65%

Source: Ownwell

Property Tax Assessment Values Across Dover, Bureau County, Illinois

When examining property taxes in Dover, Illinois, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bureau County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Bureau County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dover.

For example, the median home price in Dover is $53,094, with tax bills ranging significantly across the county. Zip code 61323 has the highest median home price at $53,094.

Property Tax Assessment Values Across Dover, Bureau County, Illinois

Source: Ownwell

$45,459

$138,476

$231,492

Median Dover Market Value

$53,094

Median Bureau County Market Value

$89,799

Median Illinois Market Value

$194,700

Median United States Market Value

$244,900

Property Tax Assessment Values Across Dover, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
61323	$12,496	$25,119	$53,094	$83,672	$110,297

Source: Ownwell

Property Tax Bills Across Dover, Bureau County, Illinois

In Dover, Bureau County, IL, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, and local authorities set the tax rate. For homeowners in Dover, the median home price is $53,094, significantly lower than the national median, which influences the property tax bills. The tax bill for the 25th percentile is $375, while the 75th percentile reaches $1,721, with the 90th percentile at $2,342, which is below the national median property tax bill of $2,400. These figures highlight the range of property tax obligations homeowners may face. Ownwell assists homeowners by identifying potential errors in property assessments and ensuring all eligible exemptions are applied. By leveraging expert knowledge and data, Ownwell can help homeowners in Dover potentially reduce their property tax bills, providing significant savings and easing the financial burden on property owners.

Property Tax Bills Across Dover, Bureau County, Illinois

Source: Ownwell

$514

$2,463

$4,412

Median Dover Tax Bill

$781

Median Bureau County Tax Bill

$2,024

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,690

Property Tax Bills Across Dover, Bureau County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
61323	$260	$375	$781	$1,721	$2,342

Source: Ownwell